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Video: What is a Stock Split?
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Presto Automation is a labor automation technology provider in the hospitality industry. Co. provides a platform of voice, vision, and touch solutions designed to increase staff productivity and improve the guest experience. According to our PRST split history records, Presto Automation has had 2 splits. | |
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Presto Automation (PRST) has 2 splits in our PRST split history database. The first split for PRST took place on May 23, 1995. This was a 2 for 1
split, meaning for each share of PRST owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. PRST's second split took place on July 08, 1997. This was a 2 for 1
split, meaning for each share of PRST owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as Presto Automation splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the PRST split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Presto Automation shares, starting with a $10,000 purchase of PRST, presented on a split-history-adjusted basis factoring in the complete PRST split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/08/2021 |
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End date: |
04/24/2024 |
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Start price/share: |
$10.19 |
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End price/share: |
$0.17 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.34% |
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Average Annual Total Return: |
-72.16% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$165.92 |
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Years: |
3.21 |
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Date |
Ratio |
05/23/1995 | 2 for 1
| 07/08/1997 | 2 for 1
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